Deals bounty for Indian IT

There’s more evidence of Indian IT attracting big global deals. On Tuesday, some three contracts were announced, including a massive $500-million, five-year deal between HCL Technologies and MSD (also known as Merck & Co, with headquarters in the US), one of the world’s biggest pharmaceutical companies.

Symphony Services said it has bagged a seven-year, multi-million dollar deal from Aldata, a Finland-based supplier of integrated business solutions to organizations serving the retailconsumer and wholesale distribution markets. Aldata’s customer base includes 15 of the world’s 30 largest retailers.

Mahindra Satyam said it had signed a three-year offshoring deal with BASF IT Services, a wholly owned subsidiary of the global chemical company BASF.

These deals follow other big deals in recent months, including TCS’ $904-million one with UK’s Personal Accounts Delivery Authority (PADA) to administer the National Employee Savings Trust scheme for 10 years, and Infosys’ over $100 million deal with Microsoft to manage the latter’s internal technical services. “This is an indication that Indian IT’s experience and capabilities have matured. They have demonstrated a fair bit of transformation capabilities,” said Amneet Singh, VP in outsourcing consulting firm Everest Group.